Buy Crudeoil Apr 2022 @ 8000 SL 7750 TGT 8260-8400.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7302-7854.
Crude oil dropped as pressure continued after U.S. President Joe Biden announced a release of 1 mbpd of crude oil for six months from May
OPEC+ sticks to modest oil output rises, ditches IEA data
OPEC states' compliance with OPEC+ output cut pledges increased to 151% in March, up from 136% in February
OPEC's March oil output increased by 90,000 BPD on month to 28.54 million BPD
BUY CRUDEOIL APR 2022 @ 8000 SL 7750 TGT 8260-8400.MCX
NATURAL GAS
Natural gas trading range for the day is 411.5-452.3.
Natural gas edged up as soaring global prices kept demand for U.S. liquefied natural gas (LNG) exports at record highs.
EIA said utilities injected 26 bcf of gas into storage during the week ended March 25 when mild weather kept heating demand low.
Russia suspends gas flows to Germany through the Yamal-Europe pipeline – Gascade
Data showed average gas output in the U.S. Lower 48 states rose to 93.7 bcfd in March from 92.8 bcfd in February
BUY NAT GAS APR 2022 @ 370.00 SL 355.00 TGT 385.00-390.00.MCX
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